USDA Grain Export Inspections Beat This Time Last Year

By Kirk Maltais

Inspections of U.S. grain exports are across the board higher than this time last year, said the Department of Agriculture in its weekly report Monday.

The USDA said inspections of corn, soybeans and wheat were all higher compared with this time last year. For the week ended March 7, corn inspections totaled 1.12 million metric tons, soybean inspections totaled 706,334 tons and wheat inspections totaled 402,874 tons. All of these exceed totals seen in the same week in 2023.

The Philippines was the leading destination for U.S. wheat, while Mexico was the leading corn destination and China was the leading soybeans destination. Cumulatively, soybean and wheat shipments are down from this time last year.

Most-active corn futures are down 0.7%, soybeans are down 0.3%, and wheat is up 1.2%.

Write to Kirk Maltais at [e-mail]

(END) Dow Jones Newswires

03-11-24 1155ET